Doc31 Posted October 18, 2010 Report Share Posted October 18, 2010 Currency Auctions Announcement No. (1757) The latest daily currency auction was held in the Central Bank of Iraq on the 18-OCT-2010. The results were as follows: Details Notes Number of banks 14 Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 127,910,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 127,910,000 Total offers for selling (US$) ----- Exchange rates Dollar's exchange rates / in Baghdad markets spot oil~$81.75 (average) spot gold $1350.50 Check the the attachments ... they are the CBI Foreign Exchange Auctions ... you'll notice that there have been no cash transactions in 12 days (counting weekends). This duration is unprecedented. I checked and while there are a few SINGLE "0" cash days sporadically (6 and 8 months apart) there are only 3 major occurences ... November 2009 when we saw the $1.49 posted ... the June 15th date and now. Interestingly enough there was no April 15th date which most have held (me included) was THE RI/RV day which the Iraqis intentionally chose to miss ... apparently, Shabibi had no intention at all of RI/RVing then (or he knew that the GOI was not going to be seated by then). I am more convinced than ever that June 15th was the day and it is why the other countries and companies responded so demonstrably. Both oil and gold are off a bit from last weeks highs which I believe creates the "perfect storm" for Iraq to RI/RV. I am also a fan of Zantac's reasoning that you won't see a sale 48 hrs (or longer) prior to RI/RV ... it only makes sense! While I am not perfectly clear on the significance of the "0" cash sale (because an auction did take place) ... it's occurrence is not only rare ... but when sequential dates are "cashless" ... meaning wire transfers only ... it appears to be screaming intel. For those of you who don't know how to read the pdf file ... column 1)year (yes, I had to insert the year for you) 2)# of auction (yes, this differs from the announcement # shown on the post above) 3)date 4)Market price (a whole different kettle of fish for another post) 5)auction price (the one number that we are familiar with and ready to watch plummet like a stone) 6)volume in USD (multiply the number times 1000 to get the actual volume) 7)cash 8)transfer via wire (volume minus cash times 1000) I wish I had the background and the time to pursue this properly ... it seems to have the potential to show us ... NOT what Shabibi is thinking but WHEN Shabibi is thinking it! Nowwwwwwwwwwwww ... perhaps it is merely an anomaly ... people lie ... numbers too when the books have been "cooked" but generally numbers tend to give you a clearer picture of what is real and what isn't ... LGraham will tell you that I'm all about the math. Perhaps someone with international currency and economy experience can expound upon my findings ... affirming or shooting them down. Regardless ... Peace to all Doc31 DV won't let me post all jpg's at once NOR in order ... sooooooooooo I'll post the most current in a post following this one! ... Sorry the pdf is at http://cbi.iq/documents/CBI_FOREIGN_EXCHANGE_AUCTIONS.pdf 17 Link to comment Share on other sites More sharing options...
quadraph0nic Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks Doc. If anything I dig your enthusiasm. I'll check out your info. Thanks for always sharing Link to comment Share on other sites More sharing options...
WildCatFM Posted October 18, 2010 Report Share Posted October 18, 2010 Here you go Doc ... here's the latest one 1 Link to comment Share on other sites More sharing options...
Brandon2230 Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks so much Doc. I saw people throwing around in the chat room that there was an auction, but they failed to read the report accurately. Thanks for the clarification!!! Link to comment Share on other sites More sharing options...
ShawnW Posted October 18, 2010 Report Share Posted October 18, 2010 Another piece of this puzzle is that according to sources the UN stepped in on Oct 8th after the RV did not happen on Oct 3..... and that is the same time that the cash stopped ... still don't know what it means, but interesting nonetheless.. Link to comment Share on other sites More sharing options...
longpalms Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks for the post Doc. It helped me realize what I was looking at and how this might work to our advantage. Link to comment Share on other sites More sharing options...
lechesuerte Posted October 18, 2010 Report Share Posted October 18, 2010 Thnaks Doc. I too am all about the numbers, but as you stated we also have to be careful with numbers to ensure and accuracy and validity. Like you stated people use and transform numbers often times to tell us what we want to hear or what they want to say. Good breakdown of chart for newbies or those unfamiliar.Thanks for the additional info! GO RV in 2010!!! Link to comment Share on other sites More sharing options...
ha ha Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks for posting Link to comment Share on other sites More sharing options...
Butifldrm Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks for the post Doc. I was looking at that earlier this am. I am still watching what they do and not what they say. Link to comment Share on other sites More sharing options...
adontik Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks for the post Doc. Hopefully someone can shed a little more light on the meaning of this. Peace Link to comment Share on other sites More sharing options...
gfulcher66 Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks for the post! Hopefully its time...... Link to comment Share on other sites More sharing options...
neuman Posted October 18, 2010 Report Share Posted October 18, 2010 I wish I knew the answer. This might just me an over sight like when the auction prices were the same ( 1170) for about a week then changed about a week later...who knows Link to comment Share on other sites More sharing options...
Norm Walker Posted October 18, 2010 Report Share Posted October 18, 2010 This is good stuff thanks for sharing it. Link to comment Share on other sites More sharing options...
fabell Posted October 18, 2010 Report Share Posted October 18, 2010 I 100% agree with you and thougth the same when this happened last year and we saw the jump to $1.49. To me...this is much more important and more real than what any "guru" claims to know. I applaud you for laying it out so well for others to read.. something I am too lazy to do myself. 1 Link to comment Share on other sites More sharing options...
SteveI Posted October 18, 2010 Report Share Posted October 18, 2010 Keep up the great posts and helping us learn more about this whole process! If I had a hat on, I would take it off to you my friend!!!!!!!!! Link to comment Share on other sites More sharing options...
Trimark Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks for the post Doc. Keep up the great work. Link to comment Share on other sites More sharing options...
rasec Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks for the post! Link to comment Share on other sites More sharing options...
drox Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks Doc... really interesting! Thanks for always keeping an eye on that angle for us! Link to comment Share on other sites More sharing options...
Chief V Posted October 18, 2010 Report Share Posted October 18, 2010 Thanks Doc, great info...hopefully it's got some meat and potato's behind it. V Link to comment Share on other sites More sharing options...
zantac Posted October 18, 2010 Report Share Posted October 18, 2010 Brilliant Doc31 This is the way we should all consider posting, explained perfectly for the ones that may not be sure what there reading & as always spot on information +1, just wish I could add more Thanks for the mention too, much appreciated 4 Link to comment Share on other sites More sharing options...
paj1985 Posted October 18, 2010 Report Share Posted October 18, 2010 great post.wicked stuff doc Link to comment Share on other sites More sharing options...
Olsy19 Posted October 18, 2010 Report Share Posted October 18, 2010 Another thing I noticed when I was trying to figure this out is that the CBI was bombed just prior to the previous period of zero cash in the auctions. My link Link to comment Share on other sites More sharing options...
pourit Posted October 18, 2010 Report Share Posted October 18, 2010 Totally appreciate it Doc...I'm a common sense guy and this does fit in the puzzle. POURITFORWARD Link to comment Share on other sites More sharing options...
lgraham Posted October 18, 2010 Report Share Posted October 18, 2010 Brilliant Doc31 This is the way we should all consider posting, explained perfectly for the ones that may not be sure what there reading & as always spot on information +1, just wish I could add more Thanks for the mention too, much appreciated I couldn't agree more Zantac (+) As for you Doc, ......You just keep getting better all the time. I started a thanks to you over in rumors. With the recognition you have earned. Keep it up my friend! Peace, Lgraham 1 Link to comment Share on other sites More sharing options...
zbubbaz Posted October 18, 2010 Report Share Posted October 18, 2010 THE U.S. HAS STOPPED BUYING . . . I M O THE DINAR WILL NOT APPRECIATE OR BE A GLOBAL CURRENCY UNTIL NEW GOVT IS SEATED AND CHAP 7 SANCTIONS ARE LIFTED --- WHO KNOWS WHAT IS GOING ON BEHIND THE SCENES ? 1 Link to comment Share on other sites More sharing options...
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